What Can Affect My Score?
Your FICO score is a "snapshot" of your credit history at a given point in time, and can change based on the factors that make up your credit score.
- Late Payments - Pay your bills
on time and if you have missed a payment, get current.
- Credit History- When you payoff a debt or collection,
or close an account, the credit reference still remains
on your credit report for a minimum of seven years.
- High Balances - Keep outstanding balances low
on credit cards and other "revolving" accounts
- New Credit - If you have been managing credit for a short time, don't open a lot of new accounts.
Equal Housing Lender. Metrocities Mortgage, LLC, is a Delaware limited liability company licensed by the California Department of Corporations under the California Residential Mortgage Lending Act. This is not an offer for extension of credit or a commitment to lend.